Press Release: Marwest Apartment REIT Announces Q3 Results
Press Release: Marwest Apartment REIT Announces Q3 Results
Marwest Apartment REIT Announces Q3 Results
Marwest公寓房地產投資信託基金公佈第三季度業績
Canada NewsWire
加拿大新聞通訊社
WINNIPEG, MB, Nov. 24, 2021
賓夕法尼亞州温尼伯，2021年11月24日
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WINNIPEG, MB, Nov. 24, 2021 /CNW/ - Marwest Apartment Real Estate Investment Trust ("Marwest Apartment REIT" or the "REIT") (TSXV: MAR.UN) reported financial results for the third quarter ended September 30, 2021.
賓夕法尼亞州温尼伯，2021年11月24日/cnw/--Marwest公寓房地產投資信託基金(以下簡稱“Marwest公寓REIT”或“REIT”)(多倫多證券交易所股票代碼：MAR.UN)公佈了截至2021年9月30日的第三季度財務業績。
The Condensed Consolidated Interim Financial Statements and Management's Discussion and Analysis ("MD&A") for Q3 2021 and the nine months ended September 30, 2021 are available on the REIT's website at www.marwestreit.com and at www.sedar.com.
2021年第三季度和截至2021年9月30日的9個月的簡明綜合中期財務報表和管理層的討論和分析(“MD&A”)可在房地產投資信託基金的網站www.marwestreit.com和www.sedar.com上查閲。
Q3 2021 Highlights
2021年第三季度亮點
-- Adjusted funds from operations ("AFFO") of $0.04 per unit for the nine
months ended September 30, 2021
-- Generated net property operating income ("NOI") of $1,206,553 since the
acquisition of 251 units (the "Qualifying Transaction") on April 30, 2021
-- NOI margin of 62.44% for the nine months ended September 30, 2021
-- Occupancy rate of 98.77% since the Qualifying Transaction
-- Average monthly rent per suite to September 30, 2021 of $1,512
-調整後的運營資金(AFFO)為9個單位0.04美元
截至2021年9月30日的月份
--自成立以來產生的物業淨營業收入(“NOI”)為1206553美元
於2021年4月30日收購251個單位(“符合資格的交易”)
-截至2021年9月30日的9個月的NOI利潤率為62.44%
-自符合條件的交易以來的入住率為98.77%
-截至2021年9月30日的每間套房平均月租金為1,512美元
Mr. William Martens, Chief Executive Officer and Trustee commented "We are very pleased to have completed our first full quarter of operations with our initial portfolio. Since Q3 we have completed the purchase of an additional 112 rental units with the closing of the Element acquisition on November 15, 2021."
首席執行官兼受託人威廉·馬滕斯先生評論説：“我們非常高興通過最初的投資組合完成了我們的第一個完整季度的運營。自第三季度以來，隨着Element收購於2021年11月15日完成，我們已經完成了另外112套租賃單位的購買。”
Operations Summary
操作摘要
Portfolio Operational Information As at September 30, 2021
Number of properties 2
Number of suites 251
Average Occupancy Rate to date 98.77%
Average rental rate to date $1,512
Financial Summary Period ended
September 30, 2021
Property revenue $ 1,932,200
Net property operating income 1,206,553
Net income 4,855,259
FFO 453,275
FFO per unit $ 0.05
AFFO 353,160
AFFO per unit $ 0.04
Debt Metrics as at As at September 30, 2021
Debt to total assets 66.65%
Weighted average mortgage interest rate 2.78%
Weighted average months to debt maturity 79.41
Debt service coverage ratio 1.35
截至2021年9月30日的投資組合運營信息
物業數量2
套房數量251間
截至目前的平均入住率為98.77%
截至目前的平均租金為1,512美元
財務彙總期結束
2021年9月30日
物業收入1,932,200元
物業淨營業收入1206553
淨收入4,855,259
FFO 453,275
每台FFO$0.05
AFFO 353,160
每台AFFO$0.04
截至2021年9月30日的債務指標
債務與總資產之比為66.65%
加權平均按揭利率2.78%
截至債務到期日的加權平均月數79.41
償債覆蓋率1.35
Financial Summary
財務摘要
The REIT generated FFO and AFFO per unit of $0.05 and $0.04 respectively through Q3 2021. The reporting of FFO and AFFO was attributable to the recent acquisitions of the REIT's two properties. As noted above, the REIT's initial property acquisitions closed on April 30, 2021, thus the results for the 9 months ended September 30, 2021 substantively reflect only the five months that the REIT owned the properties.
到2021年第三季度，房地產投資信託基金每單位產生的FFO和AFFO分別為0.05美元和0.04美元。FFO和AFFO的報告是由於最近收購了REIT的兩個物業。如上所述，房地產投資信託基金最初的物業收購於2021年4月30日完成，因此截至2021年9月30日的9個月的業績實質上只反映了房地產投資信託基金擁有物業的5個月。
FFO an AFFO are defined in "Non-IFRS Measures" in Q3 2021 Management's Discussion and Analysis.
FFO和AFFO在2021年第三季度管理層討論和分析的“非國際財務報告準則計量”中有定義。
Reconciliation of Net Income to FFO Period ended
September 30,
2021
Net income $ 4,855,259
Fair value adjustments (4,401,984)
FFO 453,275
FFO per unit $ 0.05
Reconciliation of FFO to AFFO
FFO $ 453,275
Capital expenditures (81,192)
Leasing costs (18,923)
AFFO 353,160
AFFO per unit $ 0.04
淨收益與FFO期末的對賬
9月30日，
2021
淨收入4,855,259美元
公允價值調整(4,401,984)
FFO 453,275
每台FFO$0.05
FFO與AFFO的協調
FFO$453,275
資本支出(81192)
租賃成本(18923)
AFFO 353,160
每台AFFO$0.04
Operational Summary
運營摘要
Turnovers and Renewals Period ended
September 30, 2021
Suite Turnovers 68 units
Move ins 78 Units
Lease Renewals 117 units
Renewal rate 63%
營業額和續約期結束
2021年9月30日
套房成交量為68套
移入78個單元
續租117個單位
續約率63%
Outlook
展望
Management believes it will continue to see a stable rental market for rental apartments. With increased vaccination rates, provincial re-opening plans in effect, and the easing of border restrictions driving immigration, management believes the demand for multi-family rentals will increase.
管理層相信，租賃公寓的租賃市場將繼續保持穩定。隨着疫苗接種率的提高，省級重新開放計劃的生效，以及推動移民的邊境限制的放鬆，管理層認為，對多户租賃的需求將會增加。
The rising cost of home ownership has widened the affordability gap between renting and home ownership within the market that the REIT operates, which further fuels the demand for multi-family rentals. The REIT's newer generation portfolio includes amenities such as clubhouses and gyms, further increasing demand.
置業成本的上升拉大了REIT運營的市場內租房和置業之間的負擔能力差距，這進一步刺激了對多户租賃的需求。房地產投資信託基金的新一代投資組合包括會所和健身房等便利設施，進一步增加了需求。
Management believes it will close another transaction within the next twelve months, due to the strategic relationship that the Trust has with the Marwest Group and the ability to raise capital within the market.
管理層相信它將在未來12個月內完成另一筆交易，因為該信託公司與馬韋斯特集團有着戰略關係，而且有能力在市場上籌集資金。
Acquisition of Marwest (Element) Apartments L.P.
收購Marwest(Element)公寓L.P.
On November 15, 2021, the REIT closed the purchase of 100% of Marwest (Element) Apartments L.P. partnership units through its subsidiary MAR REIT L.P. Marwest (Element) Apartments L.P. own the multi-family properties located at 85 Fiorentino and 30 El Tassi Drive, Winnipeg, Manitoba. The aggregate purchase price of $2,367,194 reflects the value of the properties less the mortgages payable assumed by the REIT. The purchase price was satisfied by the issuance of 1,029,211 exchangeable limited partnership units in MAR REIT L.P. at $1.15 per Unit and $1,183,602 in cash.
2021年11月15日，房地產投資信託基金通過其子公司Mar REIT L.P.Marwest(Element)Apartments L.P.完成了對Marwest(Element)Apartments L.P.合夥單位的100%收購。Marwest(Element)Apartments L.P.擁有位於馬尼託巴省温尼伯佛羅倫蒂諾85號和El Tassi Drive 30號的多户房產。購入總價為2,367,194元，反映物業價值減去房地產投資信託基金承擔的應付按揭。收購價格由Mar REIT L.P.發行的1,029,211個可交換有限合夥單位支付，每單位1.15美元，現金1,183,602美元。
Distributions
分配
The Board of Trustees have adopted a monthly distribution policy pursuant to which the REIT will pay monthly distributions. The initial distribution will be to Unitholders of record on December 31, 2021 in the amount of $0.00125 per unit ($0.015 annualized) and will be paid on or about January 15, 2022. Distributions are subject to suspension, amendment or termination at any time.
信託委員會已採用按月分配政策，根據該政策，房地產投資信託基金將按月支付分配款項。首次分派將於2021年12月31日向登記在冊的單位持有人發放，每單位金額為0.00125美元(按年計算為0.015美元)，並將於2022年1月15日左右支付。分發可能隨時被暫停、修改或終止。
About Marwest Apartment REIT
關於Marwest公寓房地產投資信託基金
The REIT is an unincorporated open-ended trust governed by the laws of the Province of Manitoba. The REIT was formed to provide Unitholders with the opportunity to invest in the Canadian multi-family rental sector through the ownership of high-quality income-producing properties, with an initial focus on stable markets throughout Western Canada.
房地產投資信託基金是一家受馬尼託巴省法律管轄的非法人開放式信託基金。成立REIT的目的是為單位持有人提供通過擁有高質量的創收物業來投資加拿大多户租賃部門的機會，最初的重點是整個加拿大西部的穩定市場。
Forward-looking Statements
前瞻性陳述
The information in this news release includes certain information and statements about management's views of future events, expectations, plans and prospects that constitute forward--looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward--looking statements. Forward--looking statements in this news release include, but are not limited to, the implementation of a cash distribution policy. A number of factors could cause actual results to differ materially from these forward--looking statements. The payment of cash distributions will be dependent upon a number of factors, including but not limited to the financial performance, financial condition and financial requirements of the REIT. Although management of the REIT believes that the expectations reflected in forward--looking statements are reasonable, it can give no assurances that the expectations of any forward--looking statements will prove to be correct. Except as required by law, the REIT disclaims any intention and assumes no obligation to update or revise any forward--looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward--looking statements or otherwise.
本新聞稿中的信息包括有關管理層對未來事件、預期、計劃和前景的看法的某些信息和陳述，這些信息和陳述構成前瞻性陳述。這些陳述是基於受重大風險和不確定因素影響的假設。由於這些風險和不確定因素，以及各種因素的影響，實際結果、預期、成就或業績可能與這些前瞻性陳述中預期和表明的大不相同。本新聞稿中的前瞻性陳述包括但不限於現金分配政策的實施。許多因素可能導致實際結果與這些前瞻性陳述大不相同。現金分配的支付將取決於多個因素，包括但不限於房地產投資信託基金的財務表現、財務狀況和財務要求。儘管房地產投資信託基金管理層認為前瞻性陳述中反映的預期是合理的，但不能保證任何前瞻性陳述的預期將被證明是正確的。除法律另有規定外，房地產投資信託基金無意更新或修訂任何前瞻性陳述，以反映實際結果，無論是由於新信息、未來事件、假設的變化、影響此類前瞻性陳述的因素變化或其他原因。
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
TSXV及其監管服務提供商(該術語在TSXV的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。
The Trust Units are not registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold within the United States or to or for the account or benefit of U.S. persons, except in certain transactions exempt from the registration requirements of the U.S. Securities Act. This press release does not constitute an offer to sell, or the solicitation of an offer to buy, securities of the REIT in the United States or in any other jurisdiction.
信託單位不是根據修訂後的1933年美國證券法(“美國證券法”)註冊的，不得在美國境內或為美國人的賬户或利益而提供或出售，除非在某些交易中不受美國證券法的註冊要求的約束。本新聞稿不構成在美國或任何其他司法管轄區出售或邀請購買REIT證券的要約。
SOURCE Marwest Apartment Real Estate Investment Trust
來源：馬韋斯特公寓房地產投資信託基金
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/CONTACT:
/聯繫方式：
REIT Contact: For further information, please contact Mr. William Martens, Chief Executive Officer, Telephone: (204) 947-1200.
REIT聯繫人：欲瞭解更多信息，請聯繫首席執行官威廉·馬滕斯先生，電話：(204)947-1200。
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